Federico Barrios Director Nicaragua [email protected] Nicaragua has been regulating the application of technological tools in financial activities since, and to the extent that the local market requires the implementation of advances that allow more efficient processes in conducting operations with money. We understand the Fintech concept as everything related to technologies that allow financial innovation,…
Category Archives: Analysis
09
Sep
Sep
Favio Batres Director Mining Specialist Nicaragua [email protected] Mining is one of the strongest industries with the greatest growth potential in Nicaragua. According to Central America Data, gold exports in Central America reached an increase of 387% in 2021, and Nicaragua is in the lead with $1.534.3 billion from the United States, well above its peers…
Analysis, Blog, Costa Rica, Public Law, Public Procurement & Regulation
New Public Procurement Law in Costa Rica
02
Sep
Sep
Francisco Obando Director Public Law, Public Procurement & Regulation Costa Rica [email protected] On December 1, 2022, the new General Public Procurement Law will enter into force, repealing the Administrative Contracting Law No. 7494 of 1996 and its Regulations. As a result, all bidding participants, companies, and public administrations must seriously prepare to address the changes…
Analysis, Blog, Costa Rica, Environment, Health & Safety, Environmental, Social and Governance (ESG)
Legal reform allows the development of works near rivers and streams of Costa Rica
16
Aug
Aug
Luis Palacios Director Environmental Specialist Costa Rica [email protected] Costa Rica is a country with an abundant flow of water that brings scenic beauty and biodiversity and satisfies human needs. Despite their undeniable value, the rivers, streams, or natural reservoirs that run through private property sometimes pose heavy burdens to landowners due to the legal limitations…
12
Aug
Aug
Michelle Avilés Senior Associate Tax specialist Nicaragua [email protected] The onerous transfer (sale, exchange, etc.) of goods is subject to the payment of income tax for capital gains. As its name indicates, with certain exceptions, its generating event is the profits generated by the transfer of assets. As it is a tax on profits, for its…
11
Aug
Aug
Michelle Avilés Senior Associate Tax specialist Nicaragua [email protected] Any property transfer, whether profitable or not, is subject to income tax on capital gain or loss. Although gratuitous transfers cannot generate capital losses, the calculation of the tax base of an unprofitable transfer may indicate that a capital loss has occurred in the transaction. Since a…
Analysis, Blog, Costa Rica, Sanitary Registration of Products
Frequently asked questions about the Sanitary Registration of Products in Costa Rica
29
Jun
Jun
BLP´s Sanitary Registration of Products practice group compiles the FAQ for marketing products locally and the permits required. The skill and experience of our lawyers and technical experts are without rival in Central America. By combining proven procedures with innovative initiatives, we provide the best regional service in Regulatory Law. The following guide applies to…
21
Jun
Jun
Luis Ortiz Partner Costa Rica | [email protected] Gloriana Alvarado Senior Associate Costa Rica | [email protected] The famous English economist John Hicks was once asked: What is monopoly? The Nobel Prize winner replied: The quiet life (Hicks, 1935). On the other hand, competition, as the famous American judge Learned Hand said at the time, is constant…
06
Jun
Jun
León Weinstok Director, Cybersecurity and Data Protection Specialist Costa Rica | [email protected] Why is it important to have a compliance program and what are its must-have elements? Cybersecurity has become a topic of high importance in any industry. Its recent rise is due to the rapid adoption of information technologies by companies to increase their…
30
May
May
León Weinstok Director Cybersecurity and Data Protection Specialist Costa Rica [email protected] On April 18, we in Costa Rica received the unfortunate news that the computer systems of many public institutions had been attacked by the criminal organization Conti, with the Ministry of Finance being the main target. Although much information about the transgression is yet…